Best Buy Founder Dick Schulze Says Goodbye, This Is A Very Big Deal

Mon, 05/14/2012 - 12:22 EDT - Forbes.com - Top Stories

Best Buy founder Richard Schulze steps down as chairman in the wake of CEO scandal, leaving the company with precious few internal candidates and virtually no intellectual capital from Best Buy's heyday. Who will lead now?

Related

By Saibus Research:We recently analyzed and evaluated Best Buy's (BBY) recent quarterly results and needless to say Best Buy has a long way to go before it regains the momentum that it previously held during the last decade.

By Kraken:Best Buy's (BBY) founder Richard Schulze resigned from his chairman role after allegations of CEO Brian Dunn's relationship with an employee were uncovered. Schulze knew about the relationship, but failed to mention it to his board. It was decided that it would be best for him to retire from the company.

By Robert Broens: Shares of Best Buy (BBY) ended a volatile trading week largely unchanged. Shares spiked up sharply on Thursday after reports circulated that founder Schultz had lined up financing to make an offer for the firm. On Friday a press release from the company indicated that a possible deal might still be far off.
Thursday's Media Reports

By Seeking Beta To Your Alpha:On June 8, 2012, Mr. Richard Schulze announced that he had made the decision to resign as chairman and director of Best Buy (BBY). This announcement made headlines because the company had previously announced a different timetable for Mr. Schulze's departure. Speculations regarding the Best Buy founder's future plans are running high since the only information Mr.